XML 117 R97.htm IDEA: XBRL DOCUMENT
v3.22.0.1

PENSION AND OTHER POSTRETIREMENT BENEFITS - Schedule of Fair Value Measurements of Plan Assets (Details) - USD ($) $ in Thousands | Dec. 26, 2021 | Dec. 27, 2020
--- | --- | ---
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | $ 326,409 | $ 305,983
Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 6,166 | 1,487
Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 320,243 | 304,496
Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Cash and cash equivalents |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 6,166 | 1,487
Cash and cash equivalents | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 6,166 | 1,487
Cash and cash equivalents | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
Cash and cash equivalents | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | Large U.S. equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 2,595 | 3,100
PSAs for the Union Plan | Large U.S. equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | Large U.S. equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 2,595 | 3,100
PSAs for the Union Plan | Large U.S. equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | Small/Mid U.S. equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 1,338 | 392
PSAs for the Union Plan | Small/Mid U.S. equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | Small/Mid U.S. equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 1,338 | 392
PSAs for the Union Plan | Small/Mid U.S. equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | International equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 1,954 | 1,874
PSAs for the Union Plan | International equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | International equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 1,954 | 1,874
PSAs for the Union Plan | International equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | Fixed income funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 5,186 | 5,365
PSAs for the Union Plan | Fixed income funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the Union Plan | Fixed income funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 5,186 | 5,365
PSAs for the Union Plan | Fixed income funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Large U.S. equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 31,960 | 29,602
PSAs and CCTs for the GK Pension Plan | Large U.S. equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Large U.S. equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 31,960 | 29,602
PSAs and CCTs for the GK Pension Plan | Large U.S. equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Small/Mid U.S. equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 16,232 | 17,569
PSAs and CCTs for the GK Pension Plan | Small/Mid U.S. equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Small/Mid U.S. equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 16,232 | 17,569
PSAs and CCTs for the GK Pension Plan | Small/Mid U.S. equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | International equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 15,710 | 16,320
PSAs and CCTs for the GK Pension Plan | International equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | International equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 15,710 | 16,320
PSAs and CCTs for the GK Pension Plan | International equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Fixed income funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 40,470 | 38,944
PSAs and CCTs for the GK Pension Plan | Fixed income funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Fixed income funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 40,470 | 38,944
PSAs and CCTs for the GK Pension Plan | Fixed income funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Real estate |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 5,405 | 5,677
PSAs and CCTs for the GK Pension Plan | Real estate | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs and CCTs for the GK Pension Plan | Real estate | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 5,405 | 5,677
PSAs and CCTs for the GK Pension Plan | Real estate | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | Large U.S. equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 47,995 | 39,002
PSAs for the U.K. Plans | Large U.S. equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | Large U.S. equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 47,995 | 39,002
PSAs for the U.K. Plans | Large U.S. equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | International equity funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 71,883 | 69,251
PSAs for the U.K. Plans | International equity funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | International equity funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 71,883 | 69,251
PSAs for the U.K. Plans | International equity funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | Fixed income funds |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 60,914 | 60,212
PSAs for the U.K. Plans | Fixed income funds | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | Fixed income funds | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 60,914 | 60,212
PSAs for the U.K. Plans | Fixed income funds | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | Real estate |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 18,601 | 17,188
PSAs for the U.K. Plans | Real estate | Level 1 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 0 | 0
PSAs for the U.K. Plans | Real estate | Level 2 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | 18,601 | 17,188
PSAs for the U.K. Plans | Real estate | Level 3 |  |
Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] |  |
Fair value of plan assets | $ 0 | $ 0

X
- Definition Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(01) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(01) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(ii) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(iv)(02) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(ii) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanFairValueOfPlanAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlansAndOtherPostretirementBenefitPlansTableTextBlockLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_DefinedBenefitPlanCashAndCashEquivalentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=ppc_UnionPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_DefinedBenefitPlanEquitySecuritiesUsLargeCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=ppc_DefinedBenefitPlanEquitySecuritiesUSSmallandMidCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_DefinedBenefitPlanEquitySecuritiesNonUsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_DefinedBenefitPlanDebtSecurityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=ppc_GKPensionPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DefinedBenefitPlanByPlanAssetCategoriesAxis=us-gaap_DefinedBenefitPlanRealEstateMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PlanNameAxis=ppc_U.K.PlansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |